Describe the optimal order size, Operation Management

Assignment Help:

A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The carrying cost is $0.75 per yard and the demand is 10,000 yards per year. The production facility operates the same days as the retail store is open (i.e. 311 days) and produces 150 yards of the denim cloth per day. Determine:

a) The optimal order size

b) The total inventory cost

c) The length of time to receive an order

d) The number of orders per year

e) The maximum inventory level


Related Discussions:- Describe the optimal order size

Explain lincoln electric company don''t want to join a union, Why doesn't L...

Why doesn't Lincoln Electric Company want to join a union?

Merits and demerits of using prepared sales presentation, 1-) Identify a fe...

1-) Identify a feature, an advantage, and a benefit for each of the following products: a camera, a backpack, fat-free ice cream, lawn care service. 2-) What are the advantages

Explain boundary-less organization, What are the challenges of working acro...

What are the challenges of working across boundaries and how can human resources prepare employees to thrive in a boundary-less organization

Describe what the advantages of making vs buying, You are the Vice-Presiden...

You are the Vice-President of Manufacturing for a company which manufactures small personal appliances. Your R & D department has designed a revolutionary, new type of electric t

Describe strategic management concepts and cases, Threadless (in Strategy H...

Threadless (in Strategy Highlight 1.1) is an example of a firm building on its customer base to use new products and also to participate in the design and vetting of popular design

Explain type of antennas issues signals with equal strength, Name the type ...

Name the type of antennas issues signals with equal strength and clarity in all directions? a. directional b. bi-directional c. tri-directional d. omni-directional

Objectives of motion study, Objectives of Motion  Study 1.   Combine  ...

Objectives of Motion  Study 1.   Combine  relative  activities. 2.   Increases the  efficiency of activities. 3.   Reduce physical fatigue. 4.   Eliminate as many unne

Level capacity plan, Level Capacity Plan The inventory size is varied ...

Level Capacity Plan The inventory size is varied keeping the workforce size and utilization of work constant. The number of workers ( working size) is kept constant throughout

Differences between a team and a work group, Question: (a) "Teams defin...

Question: (a) "Teams definitely are forms of work groups, but not all work groups are teams". Work groups function on three levels: Dependent level, Independent level and Inter

Explain one attribute or capacity of servant leadership, Write a 500-750-wo...

Write a 500-750-word paper analyzing emerging leadership theories. Address the following questions and concepts 1) Describe one attribute or capacity of servant leadership an

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd